The single equivalent discount rate of the trade discount 5/4/1 is:

1 answer:

6 0

The correct answer to the question would be 09712. The single equivalent discount rate of the trade discount 5/4/1 is 09712. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help.

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A daily mail is delivered to your house between 1:00 p.m. and 5:00 p.m. Assume delivery times follow the continuous uniform dist

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Answer:

25% of deliveries

Step-by-step explanation:

This is a uniform distribution with parameters a = 1.00 and b =5.00. With these conditions, the following probability distribution functions can be applied:

$P(X \leq x)=\frac{x-a}{b-a}=\frac{x-1.00}{5.00-1.00}\\P(X \leq x) = \frac{x-1}{4}\\P(X \geq x) = 1- P(X \leq x) \\P(X \geq x)=1- \frac{x-1}{4}$

Therefore, the probability that X ≥ 4:00 p.m. is given by

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Thus, 25% of deliveries are made after 4:00 p/m.

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